Community Credit Needs Act

[AI summary unavailable — showing source text] Community Credit Needs Act - Title I: Interest Rate Control - Extends the authority of the Board of Governors of the Federal Reserve System to regulate interest rates on deposits and share accounts in depository institutions from December 15, 1978, to December 15, 1981. Prohibits the establishment, by State or Federal law of interest rate differentials between: (1) banks, other than savings banks, the deposits of which are insured by the Federal Deposit Insurance Corporation; and (2) savings and loan, building and loan, or homestead associations (including cooperative banks) the deposits of which are insured by the Federal Savings and Loan Insurance Corporation, or mutual savings banks, on savings accounts from which automatic transfers to third-party payment accounts may be made pursuant to the prearranged agreement of depositors or accountholders. Title II: Federal Savings and Loan Investment Authority - Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to invest in, sell or otherwise deal with specified loans and investments. Title III: National Credit Union Central Liquidity Facility - Establishes the National Credit Union Central Liqui…